As it turns out, all the excitement may turn out to be a bubble. Or is it not? The Global Times refutes the claim that a central-bank-backed Chinese digital currency is soon to be launched. That's contrary to the recent news we've been getting. Let's see what happens next!
they only seem to be creating good news for China for investors to pour money into Chinese crypto businesses.
That will make China's money flow increase and its economy will improve as well.
And I also guarantee that the news is definitely not true because the Chinese government did not support cryptocurrency from the beginning